Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


East Ridge High School Class Of 1975 To Hold 40th Reunion

The East Ridge High School class of 1975 is holding its 40th reunion at The Car Barn, 6721 Heritage Business Ct, Chattanooga, on Saturday, August 1, from 6-11 p.m. The cost is $40 per person and includes food and drinks. Cash bar available. Your payment is requsted by check and needs to mailed and received by July 1 to Janice Madaris, 630 Blue Bird Lane, Ringgold, ... (click for more)

Lee English Majors Partner With TCPS

Twenty-one Lee University English majors from Dr. Donna Summerlin’s Introduction to English Studies class collaborated this semester with 7th and 8th grade students at Tennessee Christian Preparatory School to research, create, and present projects about people whose words changed the world.  Presentation topics included Anne Frank, C.S. Lewis, J.K. Rowling, and Dietrich ... (click for more)

Cleveland Councilman Banks Critical Of City Manager Casteel, But Several Council Members Come To Her Defense

Cleveland City Councilman Richard Banks on Tuesday afternoon was critical of City Manager Janice Casteel, but several other council members came to her defense.   The council, at the end of the discussion, voted to establish an evaluation process for city employees.   Ben Moore, a retired pharmacist and life-long resident of Cleveland told the council ... (click for more)

City Council Looking Into Need For City Court

City Council Chair Carol Berz on Tuesday brought up the issue of whether, under its charter, the city is required to have a City Court. She also asked Assistant City Attorney Phil Noblett to look into the issue of whether the city is required to have two divisions of City Court. Attorney Noblett said he also will look into the ramifications of the Municipal Court Reform Act ... (click for more)

County Officials Need To Provide A Decent Animal Shelter

Once upon a time, a group of citizens concerned about the decaying building housing the Humane Educational Society on Highland Park raised their voices in an outcry about the deplorable state of the HES facility and the over-population of unwanted and unspayed/unneutered cats and dogs in Hamilton County.   What happened then was that the City Council stepped ... (click for more)

Roy Exum: Is It Ever Worth It?

There is a better-than-average chance General John Kelly could soon be named as the new Commandant of the United States Marine Corps. He’s one of four men who have been mentioned in prudent fashion to follow General Joseph Dunford (remember that name for a few minutes) as head of the Corps. General Dunford, who held the job less than a year, has just been chosen by President Obama ... (click for more)